The prices for properties in Malaysia have been increasing gradually over the years and it has become a burden for first time home buyers or young working adults who have just started working. Fret not, with so many schemes available in Malaysia to help people to own a house, buying your first property is no longer just a dream. There are many schemes available such as the PR1MA, Rumah pr1ma, PPA1M and many more. This article will guide you through what you need to know about the PPA1M Scheme.
First of all, Perumahan Penjawat Awam 1 Malaysia (PPA1M) Scheme is an affordable housing scheme that serves and benefits the government employees. In order to be eligible for the PPA1M scheme, one must be a Malaysian, is not bankrupt and is one of the government employees or from statutory bodies. All PPA1M house are freehold. The houses are built in most cities, where the sites are chosen based on the demand from the civil servants. The types of house offered by PPA1M are apartments, townhouses, terrace house, semi detached house and bungalows. There are a few different sizes for the houses and they all cost differently, depending on the size. Built up size Price 850 sq ft RM90,000.00 - RM120,000.00 1000 sq ft RM220,000.00 1200 sq ft RM260,000.00 1500 sq ft RM300,000.00 Do take note of the requirements for interested buyers. The requirements are:
In conclusion, application for PPA1M Scheme is not too difficult and can easily be done online through the website www.ppj.gov.my. Make sure you think thoroughly and plan carefully before you make an application. After all, it is a long term commitment that involves a huge sum of money. You definitely do not want to end up in a debt and regretting.
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With so many properties for sale, you will need to take some time off to do your research on which type of property best suits your needs and wants. Afterall, buying a property is a huge commitment and it involves a huge sum as well. You definitely do not want to end up regretting over your wrong decision that you have made due to lack of research.
The Small Office Home Office (SoHo) units are used as either home or office. It is typically used for small business or individuals who are self employed with small number of employees. The SoHo units are also suitable for young singles, budding professionals or the newly weds for the convenience that they could incorporate their work space with their living areas. The built up size for these small offices usually range from 37 square meter to 74 square meter. The prices for SoHo are priced from RM480.00 per square feet to RM700.00 per square feet. SoHo units that come with a residential title will be protected by the Housing Development Act (HDA). As for those SoHo units that come with a commercial title will not be protected under the HDA. For properties covered under the HDA Malaysia, there will be a period span of 24 months starting from the receiving of keys for defect liability. The defect liability period is known as the period of time from the date you get the keys and delivery of vacant possession for your property, and the developer is responsible to repaire any defects. Therefore, it is advisable for buyers to check the property thoroughly after the purchase during the 24 months timeframe. This is to allow buyers to report any defects to the developer in time. After the 24 months timeframe, the developer will bear no responsibility and the buyers will need the cover the repair costs for defects on their own. In case of any conflict or disagreement from the developer, the buyer can submit a claim for defects that is stated in the HDA Malaysia and it will be elevated to the Homebuyer Tribunal. However, do remember that the HDA Malaysia will only protect properties with a residential title. All properties under commercial title are not protected under the HDA Malaysia. Therefore, do check the propery thoroughly before you sign any agreement. In conclusion, SoHo is definitely one of the best choices for people who prefer to have their workplace linked together with their living areas. The size is great to be used as an office, and also ideal for single working adults to stay. It is also ideal for newly weds or those couples who prefer staying in a smaller house. Make sure you plan your finances before you make any decision to purchase a property, either for work purpose or for own stay, or both. |
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